Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Concho Doubles Permian Delaware, Midland Drilling Locations
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Concho Resources Inc. has identified 22k locations across Permian (up from 12.3k in 2012) with material additions driven by Midland horizontal Wolfcamp/Spraberry (+2,500), Northern Delaware Bone Springs (+3,500), Avalon/Brushy (+1,300) and Southern Delaware Wolfcamp/Bone Springs (+800).
ProductionProduction for 2013 totaled 33.6 MMBoe (21.1 million barrels of oil (MMBbls) and 75.1 billion cubic feet of natural gas (Bcf), an increase of 20% as compared to 28.0 MMBoe (16.9 MMBbls of crude oil and 66.6 Bcf of natural gas) produced in 2012 from continuing operations.
In the fourth quarter of 2013 production was 8.9 MMBoe (5.8 MMBbls of crude oil and 19.0 Bcf of natural gas), or 97.0 thousand barrels of oil equivalent (MBoe) per day, a 14% increase over the comparable prior-year period of 7.8…
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